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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 2, 2013, pp. 99-112

5. After decades of measuring economic progress in terms of income growth, national

leaders are now paying much more attention to the quality of that growth. The shift stems from a
growing realization that an impressive rise in gross domestic product per capita in the short term

means little if living standards are undermined in the long term by poor health, underinvestment
in education, a degraded environment, and a widening gap between rich and poor.

6. There is a huge variety of areas where sustainable approach is needed but there are
some where the risk of non-sustainability are highest and where international cooperation is

required to modify unsustainable trends. These areas are human interference with the climate

system and the unsustainable management of a range of natural resources.
7. If we want to reach sustainable development, essential reforms are needed in all sector

of society.

References

1. AIV (2011). The post-2015 development agenda: the Millennium Development Goals in
perspective, No. 74 (April). The Hague: Advisory Council on International Affairs.
Available from Internet:
< http://sustainabledevelopment.un.org/content/documents/774aiv.pdf>
2. Barbier, E. (1989). Economics, natural-resource scarcity and development. – London.
3. Berg, Andrew, and Jonathan Ostry (2011). Inequality and unsustainable growth: two
sides of the same coin? IMF Staff Discussion Note. SDN/11/08. Washington, D.C.:
International Monetary Fund. 8 April. Available from Internet:
<http://www.imf.org/external/pubs/ft/sdn/2011/sdn1108.pdf>.
4. Daly, Herman (1991). Steady State Economics, Washington, D.C.: Island Press. (1996).
Beyond Growth: The Economics of Sustainable Development. Boston, Massachusetts:
Beacon Press.
5. Evans, Alex (2010). Globalization and scarcity: Multilateralism for a world with limits.
New York: Center on International Cooperation, New York University. November.
6. Food and Agriculture Organization of the United Nations (2003). World agriculture:
towards 2015/2030 prospects for food nutrition, agriculture and major commodity groups
- interim report. Rome. Available from Internet:
<http://www.fao.org/fileadmin/user_upload/esag/docs/y4252e.pdf>.
7. Islam, Nazrul (2012). Towards a sustainable social model: implications for the post-2015
agenda. Background paper prepared for World Economic and Social Survey 2013.
Available from Internet:

<http://www.un.org/en/development/desa/policy/news_events/social_model.pdf>.

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